Legal tip 894. Creative legal solutions for property in Spain
Monday, January 28, 2013 @ 1:14 PM
As they have been discussed and proposed in Alternativas jurídicas en el nuevo mercado de la vivienda, a conference organized by Fundación Vía Célere, in collaboration with Unidad Editorial.
Several creative legal solutions to revise the housing market.
Mainly due to the current lack of credit, several legal figures appears as the most convenient to the current property market:
- Medieval emphyteusis census ( censo enfiteútico): real right ( right on rem, things), enshrined in the Civil Code, which regulates the transfer of beneficial ownership of a property on payment of an annual fee.
- Surface rights: allows a person (the holder of surface rights) to build on foreign soil paying the landowner a fee for the time that has been agreed. The length of the surface rights is to be established by contract with a maximum of 75 years if the right is granted by public bodies, or 99 years, when it was agreed between individuals.
- Rent: as an access of citizens to a home.
- Rent to purchase
- Leasing of rooms
"Casa de Federico" (Federico Garcia Lorca, the writer), Fuente Vaqueros, Granada, South-east of Spain, by Landahlauts, at flickr.com